US producer and marketer of food brands, Aurora Foods, has announced a fall in fourth-quarter net sales US$212.4m, compared to $229.6m a year earlier, due to reduced volume, unfavourable product mix and increased trade allowances.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Primarily as a result of non-cash charges, the company reported a net loss of $271.2m for the quarter, compared to net income of $2.4m for the fourth quarter of 2001. These fourth quarter 2002 results include charges of approximately $275m related to goodwill and other intangible assets, plant closings and other fixed assets, inventory and deferred tax assets.


For the full year 2002, Aurora reported net sales of $771.9m compared to net sales of $842.1m for 2001. The company’s net loss for 2002 was $483.2m, compared to a net loss of $17.6m for 2001.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now